Source : investing, Thursday 5/9/2024
Falls Church, Virginia. – Northrop Grumman Corporation (NYSE: NYSE:NOC), a global aerospace and defense technology company, today announced that it will participate in the upcoming twelfth annual MSCI Conference in Laguna. Kathy Warden, the company’s CEO, chairperson and president, is scheduled to give a presentation at the event on September 12 at 12:20 p.m. ET.
The conference presentation will be broadcast live via webcast accessible through Northrop Grumman’s investor relations website. The event is an important platform for Northrop Grumman to discuss the latest developments and future directions of the company with investors and industry analysts..
Northrop Grumman is known for its advanced aerospace and defense solutions, with a focus on providing innovative technologies that support global security and space exploration. The company reaffirms its commitment to solving the complex challenges of its customers..
The press release also indicates that the presentation may include forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance and may involve risks and uncertainties. The Company clarifies that it does not intend to update these forward-looking statements after the conference, and directs interested parties to the SEC filings for a detailed discussion of the potential risks..
Investors and interested parties can follow updates from Northrop Grumman News on its official social media channel @NGCNews. This article information is based on a press release from Northrop Grumman.
In other recent news, Northrop Grumman has made great strides in both defense technology and financial performance. The company has successfully completed the U.S. Air Force test of the Integrated Electronic Warfare Wing (IVEWS), a development that enhances survivability in disputed electromagnetic environments. This success paves the way for further flight tests on the F-16.
In the financial news, Northrop Grumman’s strong earnings led to a revision of target stock prices by many analysts. TD Cowen maintained a “Hold” rating with the company’s share price target increasing to $515, citing sales growth forecasts of nearly 5% in 2025-2026. Deutsche Bank upgraded the company’s stock Northrop Grumman from hold to buy, raising the price target to $575 due to improved forecasts for profitability of B-21 units.
RBC Capital Markets raised its Northrop Grumman stock target to $500 while retaining the Sector Perform rating, indicating that the current share price reflects projected growth in free cash flow. However, Baird lowered Target price per share from $505 to $471, while maintaining neutral rating due to potential constraints on near-term margin growth.
These developments come on the heels of Northrop Grumman’s strong performance in the second quarter and subsequent rise in expectations, which is attributed to higher demand for its technology-based capabilities and strategic deterrence programs. These are all recent developments that provide a snapshot of Northrop Grumman’s current market position..
As Northrop Grumman Corporation (NYSE: NOC) prepares to make a presentation at the twelfth annual Morgan Stanley Laguna Conference, InvestingPro data An overview of the company’s financial position and market position. With a market capitalization of $76.59 billion and twelve-month delayed revenue of $40.76 billion, the company shows strong financial data. Revenue growth over the past twelve months has reached 7.61%, demonstrating the company’s ability to expand its operations..
InvestingPro’s advice highlights that Northrop Grumman has a history of rewarding its shareholders, raising its dividends for 20 consecutive years and maintaining dividends for 54 consecutive years. This consistency underscores the company’s financial stability and commitment to delivering shareholder value. Moreover, the recent performance of the stock shows a strong return over the past three months, which may attract the attention of investors looking for On the momentum in the aviation and defense sector.
